Transamerica Growth Correlations

Mutual Funds . USA . 
Fund . Transamerica Growth A
TADAX Fund  USD 30.51  0.22  0.72%   
The current 90-days correlation between Transamerica Growth and Transamerica Emerging Markets is 0.61 (i.e., Poor diversification). The correlation of Transamerica Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Transamerica Growth Correlation With Market

Very poor diversification

The correlation between Transamerica Growth A and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transamerica Growth A and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transamerica Growth A. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Transamerica Mutual Fund

  0.99TEOJX Transamerica EmergingPairCorr
  0.99TEOIX Transamerica EmergingPairCorr
  0.98TEOOX Transamerica EmergingPairCorr
  0.98ILLLX Transamerica CapitalPairCorr
  0.99TWMTX Transamerica GrowthPairCorr
  0.98TWQZX Transamerica Large CapPairCorr
  0.98TWQAX Transamerica Large CapPairCorr
  0.99TWQIX Transamerica Large CapPairCorr
  0.99TWQCX Transamerica Large CapPairCorr
  0.96EMTIX Transamerica EmergingPairCorr
  0.97TFLAX Transamerica FloatingPairCorr
  0.99IMDRX Transamerica AssetPairCorr
  0.98TFOIX Transamerica CapitalPairCorr
  1.0IMGRX Transamerica AssetPairCorr
  0.99IMLAX Transamerica AssetPairCorr
  0.98INCLX Transamerica High YieldPairCorr
  0.98TGRFX Transamerica InternationalPairCorr
  0.98TGRGX Transamerica InternationalPairCorr
  0.94TIHBX Transamerica InternationalPairCorr
  0.7TIODX Transamerica FundsPairCorr
  0.72TIOEX Transamerica FundsPairCorr
  0.72TIOBX Transamerica FundsPairCorr
  0.71TIOCX Transamerica InflationPairCorr
  0.72TIOAX Transamerica InflationPairCorr
  0.73TIMTX Transamerica IntermediatePairCorr
  0.72TIMUX Transamerica IntermediatePairCorr
  0.94TISDX Transamerica FundsPairCorr
  0.94TISLX Transamerica FundsPairCorr
  0.97TISVX Transamerica InternationalPairCorr
  0.73RTIOX Transamerica InflationPairCorr
  0.86RTSGX Transamerica Small CapPairCorr
  0.99IAAAX Transamerica AssetPairCorr
  0.96IAADX IaadxPairCorr
  0.96IAAEX Transamerica FinancialPairCorr
  1.0TLAFX Transamerica Large CorePairCorr
  0.98IALAX Transamerica CapitalPairCorr
  0.97TLOTX Transamerica Large ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Transamerica Mutual Fund performing well and Transamerica Growth Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Transamerica Growth's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEOJX  0.54  0.20  0.15  0.65  0.00 
(0.69)
 1.62 
(0.86)
 4.16 
TEOIX  0.53  0.20  0.14  0.62  0.00 
(0.68)
 1.61 
(0.97)
 4.06 
TEOOX  0.54  0.26  0.14  69.47  0.00 
(0.75)
 1.69 
(0.86)
 4.09 
ILLLX  1.26  0.50  0.23 (2.83) 0.96 
(1.63)
 3.70 
(1.74)
 8.39 
TWMTX  0.81  0.34  0.15 (3.18) 0.64 
(0.95)
 2.49 
(1.48)
 5.44 
TWQZX  0.55  0.22  0.05 (1.94) 0.47 
(0.65)
 1.55 
(0.95)
 4.04 
TWQAX  0.55  0.22  0.04 (2.05) 0.47 
(0.66)
 1.49 
(0.96)
 4.14 
TWQIX  0.54  0.09  0.07  0.29  0.40 
(0.65)
 1.54 
(0.79)
 4.08 
TWQCX  0.54  0.09  0.07  0.29  0.42 
(0.64)
 1.50 
(0.77)
 4.10 
EMTIX  0.15  0.07 (0.44) 1.04  0.00 
(0.23)
 0.34 
(0.22)
 0.89 

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